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Amazon will no longer be accepting Venmo as a payment option starting in 2024.
Fool.com contributor Parkev Tatevosian discusses what the move between PayPal's (PYPL 2.90%) Venmo and Amazon (AMZN 3.43%) could mean for PayPal stock investors.
*Stock prices used were the afternoon prices of Dec. 6, 2023. The video was published on Dec. 8, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends Amazon and PayPal. The Motley Fool recommends the following options: short December 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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